Psychiatrist Salary, Job Opportunities And More

Always known to be tricky profession, psychiatry doesn’t come easily to a person. Psychiatrists are people who specialize in the prevention, diagnosis and treatment of mental disorders. Right from mild cases of anxiety to the most severe cases of schizophrenia, Attention Deficit Disorder (ADD) or even Obsessive Compulsive Disorder (OCD), psychiatrists deal with everything. You will definitely agree that it is an extremely challenging profession especially since most experts believe that we haven’t uncovered even a fraction of our brain’s potential. Thus, given the risky nature of the job, there is no doubt that a psychiatrist salary would be very handsome.

Generally psychiatrists are concerned with identifying and treating mental disorders. They talk to the patients and their families and gather information regarding the patient’s health problems. The psychiatrist will help the patients find solutions through changes in their behavioral patterns, exploration of their past experiences and through group or family therapy. They are trained to recognize the link between mental and physical disorders and they generally prescribe drugs and psychotherapy for treatment. In extreme cases however, they sometimes have to go in for shock therapy. Their basic aim is to talk to the patients and help them understand and cope with their problems.

Thus, since the profession is very complex with each case varying from the other given the diversity of the patients being treated, a psychiatrist salary is very lucrative. On an average, the annual psychiatrist salary figures are somewhere between $ 123,000 and $ 195,000 including bonuses and commissions. Like other professions, psychiatrists begin their career with a low income and then gradually move up the pay scale as they gain experience. Statistics indicate that people with less than one years experience earn around $ 75,000 to $ 150,000 annually while the veterans with over twenty years of experience earn more than $ 200,000 a year! It is important to note that the salary of a psychiatrist also varies with the industry or organization where he/she is employed and the location of the job. It has been found that the highest paying industries for this profession are Nursing Care Facilities, where the average earning income is $ 200,000 annually.

The pay may be extremely good, but becoming a psychiatrist is far from easy. Getting into a field as complicated and unconventional as psychiatry requires a lot of preparation, both educational and mental. Firstly, you need to go through extensive training after high school followed by four years of medical school. This has to be followed by 3 years of psychiatric training at hospitals. After this you are required to take an examination to be licensed. Thus, it is a lot of hard work.

Lastly, since you’re aware of psychiatrists’ salary and job description, you must be wondering about the career prospects. Well, you do not need to worry because the health care industry is booming right now and the employment of physicians is expected to grow much faster than other professions. In fact, there is a shortage of psychiatrists, especially in rural areas and public facilities. So, step up!

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